Smith, Dean Howard (2005) The Basic Economics of a Disaster: Working Paper Series--05-13. Working Paper. NAU W.A. Franke College of Business.
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Publisher’s or external URL: http://franke.nau.edu/the_working_paper_series/wps...
Abstract
This short paper addresses the market forces in the retail gasoline markets in the United States in the aftermath of hurricane Katrina. Although the price increases were substantial, it is argued that the markets essentially acted as a rationing agent during a time of 10% reduction in refining capacity and major national turmoil.
| Item Type: | Monograph (Working Paper) |
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| Publisher’s Statement: | Copyright, where appropriate, is held by the author. |
| ID number or DOI: | 05-13 |
| Keywords: | Working paper, economic disasters, gasoline prices, rationing agents |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| NAU Depositing Author Academic Status: | Faculty/Staff |
| Department/Unit: | The W.A. Franke College of Business |
| Date Deposited: | 19 Oct 2015 20:53 |
| URI: | http://openknowledge.nau.edu/id/eprint/1563 |
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